Aussie Home Loans recorded a 90 per cent year-on-year increase in Western Australian home loan inquiries in June, following federal and state government housing stimulus packages.
Perth house prices have increased 6.7 per cent per annum over the past 25 years, behind only Melbourne and Sydney, with southern suburb Leda among the country's top performing in that time, according to a study released today.
Mortgage broker Aussie is bullish on the Western Australian property market, with the national operator aiming to add four new stores and more than 20 brokers in the state over the next two years.
Last week's takeover of United Credit Union continues a long run of Western Australian financial institutions falling prey to interstate and overseas predators; but surprisingly, this trend has done little to dampen competition.
Competition in Western Australia's mortgage broking market looks set to intensify this year as three of Australia's most successful non-bank lenders prepare to open new branches across the state.
